well sure if you want to get into property management.
it can be very profitable.
I will give you an example from experience.
Buy an old rundown house in a poor neighborhood.
Divide the first floor into 2 one bedroom apts.
Keep the second floor a single 3 bedroom apt.
Remodel the attic into 5 single rooms.
Now get your calculator out.
The state pays $600 a month for each 1 bedroom apt.
$800 a month for the 3 bedroom
and roughly $350 for the single occupancy rooms
thats $3,750 a month on a piece of property you only have to invest 30 - 40k in.
Heavily insure in case they burn it down
Now do that with 20 houses
